GBPUSD Short: Trend Following

Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!

Trade ativo:

Short is active, market is currently sitting at entry point. Supply and Demand levels still apply. Cheers

Comentário:

Nice resistance and drop, Moving stop to BE as we are sitting at 1:1 R/R
www.tradingview.com/chart/g4qzrgok/

Comentário:

Trade fechado manualmente:

Exited at PSAR, small 3 pip gain